From Investing.com: 2024-12-13 01:38:39

BMO Capital Markets rates Advance Auto Parts Inc (AAP) as “Market Perform,” highlighting the company’s turnaround potential. AAP’s new strategy involves exiting the West Coast market, improving operations, and targeting a 7% operating margin by FY27. Sales softened in 2024 due to temporary factors, but long-term trends favor AAP. Despite concerns about electric vehicle adoption, BMO sees limited near-term impact on AAP. The company’s valuation is fair, but tangible results from the turnaround are needed for an outlook upgrade. Operational improvements and industry dynamics are promising for AAP, but execution risks and competition are key concerns.



Read more at Investing.com: BMO starts coverage with ‘sector perform’, says valuation fair By Investing.com